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trancy trancy
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6 years ago

Question 1.

If revenues are greater than total variable costs of production but less than total costs, a firm



▸ earns a profit.

▸ suffers a loss.

▸ breaks even.

▸ shuts down.

Question 2.

Tony's Taco Casa has total revenue of $12,500. It has total fixed costs of $2,400 and total variable costs of $4,600. Tony's Taco Casa's profit is



▸ $2,200.

▸ $5,500.

▸ $7,900.

▸ $10,100.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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sadeensadeen
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6 years ago
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trancy Author
wrote...

6 years ago
this is exactly what I needed
Mcb
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Yesterday
Good timing, thanks!
Tabitha.davis
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2 hours ago
Helped a lot
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